After three consecutive months of solid gains, pending home sales slowed modestly in June.
First-time homebuyers have been largely absent from the housing market in the current economic recovery, but some metropolitan areas – particularly in the Midwest and West – are well positioned to see increases in home-buying from the Millennial generation in upcoming years.
NAR testified today before the U.S. Senate Appropriations Subcommittee on Homeland Security, commending FEMA for effective implementation of flood insurance reforms.
Existing-home sales increased in June and reached an annual pace of 5 million sales for the first time since October 2013, while rising inventory continues to push overall supply towards a more balanced market.
The Federal Housing Administration celebrated its 80th anniversary today at the White House with two panel discussions highlighting the past, present, and future of the agency and its impact on homeownership.
NAR's latest campaign, "Real People," targets home buyers and sellers, ages 25-54; the ads are currently broadcasting across TV, digital, radio and mobile channels.
The National Association of Realtors® commends the U.S. Senate today for approving the nomination of San Antonio Mayor Julián Castro to serve as the Secretary of the Department of Housing and Urban Development.
Favorable exchange rates, affordable home prices and rising affluence abroad continue to drive international buyers to the U.S. to purchase properties and make real estate investments.
In a letter sent today to HUD, NAR offered support for the FHA’s HAWK housing counseling pilot program but expressed concern about the program's cost and reach.
Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market.